REPAIR PROCEDURE ISSUE:
Our client’s 2020 Ford F-450 was damaged. Our client filed a claim with their carrier Allstate Insurance for the loss. Allstate issued a loss statement/repair estimate for $2,471.70 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $9,948.81 to return Allstate to its pre-loss condition. Our client came to us for assistance with the $7,477.11 under-indemnification and out-of-pocket expense to safely return their vehicle to its pre-loss OEM condition.
As a result of going through the appraisal process in the policy, Vehicle Value Experts came to a binding agreement with the Allstate independent 3rd party appraiser for $8,119.71 as the loss statement/ repair cost to return our clients 2020 Ford F-450 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $5,648.01 or 228.5% from the Allstate loss statement/repair estimate of $2,471.70. Through the invoking of the Allstate policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.